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EBS Choice Saver

We all know that saving for the future is important. Depending on what your savings goals are, the types of savings accounts you choose will differ. For example, if you've short term aims, less than four to five years, then a deposit account that offers some access may suit best. However, you could be simultaneously saving for more medium to long term goals, such as that dream holiday or to build up a college fund for your children.

That's where EBS Choice Saver could come in as it is designed for savers who want to put a little away regularly for the medium to longer term, five years or more. EBS Choice Saver gives you the potential to achieve returns greater than inflation and deposit rates, by investing over the medium to longer term in a range of funds. The types of assets invested in could be a combination of worldwide company shares, bonds, property or cash, depending on the options you choose.

By saving on a regular basis, you are buying units in your chosen funds at different prices every time you make a payment. Just like anything else you buy, the lower the price the more you can buy. Over the long-term regular savers could benefit because they could buy more units in the times when the market falls. Similarly fewer units are bought when fund prices are higher.

With EBS Choice Saver, you can choose from a range of funds, each with differing levels of risk and potential return, to suit your saving style including our recently launched Multi Asset Portfolio Funds (MAPs).

Multi Asset Portfolio Funds are our new recommended default investment strategy for customers with an appropriate appetite and attitude to risk for this type of saving and investment and they have the following product features:

Dynamic Shares To Cash (DSC) – An innovative solution and a market first in the Irish market only offered by Irish Life where the percentage of your investment which is held in developed market shares will automatically fluctuate with the cash fund at various times depending on the prevailing market conditions to cushion this portion of your investment against potential losses and also to speed up recovery when market conditions are more favourable.

Rebalancing – Irish Life will carry out a quarterly review of your Multi Asset Portfolio to ensure it remains aligned to your attitude to savings and investments established during a review you will have completed prior to making this investment.

Best of all, you can switch funds as often as you like free of charge, giving you real control.